Business Insider, Turbocharged!

We're excited to announce that we've just raised another round of
financing, courtesy of New York-based RRE Ventures and our existing
investors.

This capital will help us continue to expand the site and bring
you many of the things you have been asking for--and faster than
we would be able to develop them under our own power.

We've raised about $3 million this time, which is a vast sum
relative to the couch change we've been running on since we
launched three years ago ($2.7 million in total). In media
terms, it's still small potatoes*, so we won't be able to go hog
wild, but we should be able to significantly accelerate our pace
of development.

Specifically, RRE's investment will allow us to:

* Expand our newsroom
* Do more original reporting
* Launch new industry verticals
* Expand the amount and type of content we publish from readers
and contributors
* Launch cool new tech features that will make being a member of
our community a lot more fun
* Launch our professional research service
* Launch international editions

Someday, the money may even allow us to hire a copy editor.

In conjunction with the investment, RRE
co-founder and partner Stu Ellman will be taking a seat on
our board. Stu has been a major presence in the New York VC
community for more than 15 years, and he has helped lead more
than 40 of RRE's 100+ investments. Stu is currently a board
member of Yipit, Drop.io, and other New York-based companies, and
he and RRE partner Jim Robinson have contributed several popular
columns to Business Insider.

In fact, one of Stu's recent columns, "Sorry,
Just Because You Tried Hard Doesn't Mean You Deserve A Prize"
has already put us on notice about what we can expect if we let
you and Stu down. But there's nothing more valuable than a
partner with great business sense, fire in the belly, and
forthrightness, so we're thrilled to have Stu and RRE on the
team.

In short, we're excited about what this capital will enable us to
build over the next couple of years. We're also happy to
continue to have the support of our existing investors, including
Allen & Co., Kohlberg Ventures, Pilot Group, Marc Andreessen,
Gordon Crovitz, Ken Lerer of Lerer Ventures, and others.

And since none of this would be possible without the loyal
support of you and our generous sponsors, we want to thank you
again for all you have done for us. It is no exaggeration to say
that Business Insider would not exist without you, and we're very
excited about what is still to come.

* Portfolio Magazine, for example, consumed about $100
million in its short life, and cable networks routinely gobble
far more than that.